THORNTONS TRUSTEES LTD.

🌳Matureactive

SC150062 · ltd · incorporated 1994-04-07

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Dormant / non-trading with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 0.4y

30/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Newest facility, 0.4 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

54 officers (28 active, 54 linked, 52 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

14 connected companies via shared directors

Filing history

189 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-04-30	2024-04-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 mortgage
• 1 officers

Counts from Companies House filing history.

Corporate timeline (104 events)Click to expand

2025-12-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-17
🔒
Charge registered #1
Lender: Berwick Bank Wind Farm Limited
2025-12-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-28
➖
ROUGHEAD, Alan resigned
director
2025-11-06
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-09-01
➕
DUNN, Susan appointed
director
2025-09-01
➕
FRASER, Hannah appointed
director
2025-09-01
➕
GRIMMOND, Joanne Elizabeth appointed
director
2025-09-01
➕
HAINEY, Lisa May appointed
director
2025-09-01
➕
MCGILL, Katherine Muriel appointed
director
2025-09-01
➕
MITCHELL, Sarah appointed
director
2025-09-01
➕
MOIR, Kyle Frank Strachan appointed
director
2025-09-01
➕
ROUGHEAD, Alan appointed
director
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-22
➖
ETHERINGTON, David Murray resigned
director
2025-07-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-03
📄
change-person-director-company-with-change-date
officers · CH01
2025-01-31
➕
ANDERSON, Rachel appointed
director
2024-11-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-31
➕
MACKAY, Iain Finlay Magnus appointed
director
2024-06-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-31
➖
MCKEOWN, Anne Janette resigned
director
2024-05-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-30
➖
CHRISTINE, Lorna Margaret resigned
director
2023-11-21
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-15
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-23
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-01
➖
CALDERWOOD, Elizabeth Lilian resigned
director
2023-06-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-15
➕
HORNE, Emma Ashley appointed
director
2023-03-16
➕
DICKSON, Graeme Ross Campbell appointed
director
2022-09-20
➕
GARDINER, Christopher Peter John appointed
director
2022-05-31
➖
ALLAN, Margaret Jean resigned
director
2022-05-31
➖
WILSON, Graham Alexander resigned
director
2022-05-05
➕
MACKIE, Stuart Irvine appointed
director
2022-05-05
➕
PRATT, Stephanie Elizabeth appointed
director
2019-05-31
➖
DUNLOP, George John Muir resigned
director
2019-04-25
➕
DUFF, Susan Margaret appointed
director
2019-04-25
➕
MACKAY, Kenneth Richard appointed
director
2019-04-25
➕
CALDERWOOD, Elizabeth Lilian appointed
director
2019-02-22
➖
FARQUHAR, Malcolm Robert Pirie resigned
director

Showing most recent 50 of 104 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-27 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ETHERINGTON, David Murray resigned 2025-07-22; ROUGHEAD, Alan resigned 2025-11-28

Group structure

Whitehall Chambers Trustees Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Whitehall Chambers Trustees Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

THORNTONS TRUSTEES LTD.

This company · SC150062

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Whitehall Chambers Trustees Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Holding company · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STRATHMATICS (LEISURE) LIMITED→ SC148157 · est 1993	£143.5k £122.0k–£165.1k	—	£143.5k	—	32y	82	58y
CARSEGRAY (ANGUS) LIMITED→ SC283937 · est 2005	£1 £1–£1	—	£1	—	20y	81	63y
FEUDUTIES LIMITED→ SC053153 · est 1973	—	—	—	—	52y	83	71y
BLACKADDERS TRUSTEES LIMITED→ SC213924 · est 2000	—	—	—	—	25y	82	64y
DELSON HOLDINGS LIMITED→ SC385095 · est 2010	—	—	—	100	15y	82	62y
FORSTER GROUP LIMITED→ SC294457 · est 2005	—	—	—	200	20y	82	59y
J.R. POWER MOTION LIMITED→ SC272621 · est 2004	—	—	—	2	21y	82	78y
LIGNUM (DUNDEE) LIMITED→ SC045453 · est 1968	—	—	—	2	58y	82	93y
BLACKADDERS NOMINEES LIMITED→ SC214722 · est 2001	—	—	—	—	25y	81	64y
BRJ NOMINEES LIMITED→ SC170594 · est 1996	—	—	—	—	29y	81	64y
BRJ TRUSTEES LIMITED→ SC104535 · est 1987	—	—	—	—	38y	81	64y
DKT ENGINEERING LIMITED→ SC209738 · est 2000	—	—	—	300	25y	81	74y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusactive

Typeltd

Incorporated1994-04-07

Jurisdictionscotland

Primary SIC74990 — Non-trading company

Registered office

Whitehall House

33 Yeaman Shore

Dundee

DD1 4BJ

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-04-21

Last: 2026-04-07